14-73 If the exchange rate had fallen from $1.60/£1 at the beginning of the year to $1.50/£1 at the end of the year when the FI needed to repatriate the principal and interest on the loan.What would be the dollar loan revenues at the end of the year?
A)$6.25 million.
B)$11.6 million.
C)$7.25 million.
D)$6.625 million.
E)$10.875 million.

Question

Quizplus · Accepted Answer

The Answer of 14-73 If the exchange rate had fallen from $1.60/£1 at the beginning of the year to $1.50/£1 at the end of the year when the FI needed to repatriate the principal and interest on the loan.What would be the dollar loan revenues at the end of the year?
A)$6.25 million.
B)$11.6 million.
C)$7.25 million.
D)$6.625 million.
E)$10.875 million.

14-73 If the Exchange Rate Had Fallen from $1